Continuing updates (Updated electrical panel and polishing up some interiors) Currently 4 of the 5 units are rented bringing in $2,950/m, and with the 5th rented it will bring in $3700/m. Will operate at a 12-15% CAP Rate!! The seller is offering a 10k credit at closing to finish up repairs that need to be done to get this place to really shine.
Units have been updated as well as the electrical panel. Units have additional sq footage that can be used for dining or as desired. The sidewalk has been renovated, new siding, new exterior paint, some windows replaced, new light fixtures, new vinyl plank flooring, new smoke detectors, interior painting, new bathrooms, new kitchen (cabinets, flooring, sink, and appliances in most of the units).
This 5 plex sits on 3 lots (1/2 acre). With a shortage of rental units, this place is a great investment. Down the street from the Naval Air Station CC, Army Depot, and great fishing spots.